5 Best Gold Stocks to Buy in 2021

2. AngloGold Ashanti Limited (NYSE: AU)

No. of Hedge Fund Holders: 17

This South African-based mining company has mining operations in various parts of Africa, as well as Australia and South American. It is also involved in the development of gold markets and marketing and selling precious metal.

John Paulson’s Paulson & Co was the largest hedge fund investor courtesy of its 5.9 million stake in AngloGold Ashanti.

• AngloGold Ashanti announced earlier this year that it would pay a full-year dividend of 7.05 rand per share, roughly 5 times its dividend payout in 2019.
• The increased dividend payout reflects that the company’s 2020 profit was more than double its profit in the previous year.
• AngloGold plans to boost its production to around 3.2M-3.6M oz. per year by 2025 courtesy of further developments in its existing mines and an increase in production activities at Ghana’s Obuasi mine.
• The company acquired 6M oz. of ore reserves in 2020. Its robust mining portfolio makes it an appealing investment, especially for the long term.